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Itr4 no account case

prahlad tanwani (owner) (60 Points)

26 August 2011

where to show fixed assets in itr4 in no accout case.

thanks.

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6 Replies

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 26 August 2011

when there is no account, then how to account for assets?

use ITR4S for no account case.

Mansi (CA (Final), B.com) (939 Points)
Replied 26 August 2011

In a case where regular books of accounts of business or profession are not maintained, there is no need to refer the information realted to fixed Assets..

Only furnish the following

1 Amount of Total Sundry Debtors

2 Amount of Total Sundry Creditors

3 Amount of Total Stock in trade

4 Amount of Total Cash balance

Regards,

Mansi Batra

neha vats (ca final) (76 Points)
Replied 26 August 2011

i agree with mansi.

u hv to mention only 4 above .

in point no. 52 of itr 4

Manik (CA) (830 Points)
Replied 26 August 2011

Mansi is right. You have to just write the estimated amount of Debtors,Creditors, Cash in Business and Estimated Stock value. Write them in ITR-4 and thts all.

Ravikant (Accountax) (6285 Points)
Replied 27 August 2011

Originally posted by : Mansi
	In a case where regular books of accounts of business or profession are not maintained, there is no need to refer the information realted to fixed Assets.. Only furnish the following 1 Amount of Total Sundry Debtors 2 Amount of Total Sundry Creditors 3 Amount of Total Stock in trade 4 Amount of Total Cash balance Regards,